Among other cryptocurrencies, the soyoil rose 4.46% to $ 875.20; rippo rose 3.85% to $ 1.08; bitcoin fell 2.00% to $ 1284.46; Litecoin rose 5.61% to $ 162.16.
Last December, at the time of the bitcoin boom, Howard Wang, co-founder of Convoy Investments, claimed digital currency was the biggest bubble in human history and partly supported by recent bitcoin moves, as bitcoin's supremacy Point has plunged more than 50%, which makes Bitcoin is expected to shoulder the brunt of other asset bubbles burst in history, but given the history of the bitcoin boom, will not rush to announce the end of the bitcoin bubble.
Bloomberg wrote on Monday that if there is any sign of a repeat of the era of the dotcom bubble, bitcoin's downside will increase.
Bitcoin McGlone, the commodities analyst at Bloomberg, said bitcoin has more than halved since hitting a record high of nearly 20,000 U.S. dollars in December last year, a cryptocurrency that could potentially rise in this unsustainable environment Further Depreciation of 90% Using the Amazon and Nasdaq Composite Index to Rise and Fall at the Beginning of the New Year, he believes bitcoin may fall to $ 900.
McGlone said in an interview: "I spent a lot of time researching this issue and the more research I did, the more pessimistic I was." "That's very similar to the internet company we saw in the late 1990s."
Although the creators of bitcoin are going to limit the supply to 21 million coins, there are more than 50 million bitcoin based on the original blockchain, and nothing prevents an unlimited number of clones from being generated by competitors. In the year, the number of tradable digital currencies increased by 120%.
McGlone said: "The increased supply is a major constraint on the rise in digital currency markets, with an average price of $ 900 from the initial stage through 2017, which is very attractive to bring back to that level."